TATA POWER CO (TATAPOWER)
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Tata Power, BPCL sign ₹250cr MoU for Mumbai refinery power infra
Tata Power and Bharat Petroleum Corporation Ltd (BPCL) have signed a memorandum of understanding (MoU) to develop ₹250 crore power infrastructure for BPCL’s Petro Resid Fluidized Catalytic Cracking Unit (PRFCCU) project at its Mumbai refinery. Under the agreement, Tata Power will provide the 110 kV connectivity and undertake the design and development of the associated power infrastructure.
Tata Power shares slide 4% as Singapore court upholds $490M award
Tata Power's shares fell over 4% after the Singapore court dismissed the company's challenge to a $490 million arbitration award in favor of Kleros. The ruling confirms the award, leaving Tata Power with limited legal recourse and potential financial obligations. The market reaction reflects investor concerns over the impact on earnings and balance sheet.
Tata Power loses $490M arbitration appeal, shares slide 4%
Tata Power has lost its $490 million arbitration challenge in a Singapore court, leading to a 4% drop in its share price. The company had previously announced its intention to appeal the original Kleros arbitration award, but the latest ruling appears to have upheld the decision against it. The case involves a dispute over a power purchase agreement, and the financial impact is significant for the company.
Tata Power Expands into Nuclear Sector
Tata Power will begin construction of its ₹6,600-crore, 10-GW photovoltaic wafer and ingot manufacturing facility in Odisha from October this year, while simultaneously advancing plans to enter the nuclear power sector by shortlisting sites in three states, the company’s top management said on Monday. “Our 4.3-GW cell and module plant is operating at full capacity.
Tata Power Q1 Performance Beats Expectations
3 Min Read Tata Power reported a stronger-than-expected performance for the June quarter, with net profit rising 11% year-on-year as robust contributions from its renewable energy, transmission and generation businesses offset pressure on margins. The integrated power utility posted a consolidated net profit of ₹1,401 crore for the quarter ended June 30, ahead of the CNBC-TV18 poll estimate of ₹1,185 crore.
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